The Nazz Tells No Lies

This Nasdaq just won't lie. It is the ultimate tell -- better than the futures, better than anything in Europe, better than any upgrades or downgrades.

It could not have been more right today when the world thought we would roll over. It has been right since the rally began. Its strength cannot be denied. I can't recall a two-day stretch during this record rally where you could buy them, particularly the tech part, the bigger, the better.

You can even boil it down. You have Apple (AAPL - commentary - Cramer's Take) as the bellwether ,with Research In Motion (RIMM - commentary - Cramer's Take), Amazon (AMZN - commentary - Cramer's Take) and Google (GOOG - commentary - Cramer's Take) taking you everywhere like old times.

Then you have the semiconductor stocks and the semi equipment stocks, which are totally annoying because there is nothing really good happening with Applied Materials (AMAT - commentary - Cramer's Take) and KLA Tencor (KLAC - commentary - Cramer's Take), but the buyers don't even seem to care. Maybe they are just buying an ETF or HOLDR.

Then you have all the parts of the semis rallying -- I was surprised they couldn't rally Qualcomm (QCOM - commentary - Cramer's Take) and Skyworks (SWKS - commentary - Cramer's Take) today, but I guess every dog has already had about 10 days.

Of course, Hewlett-Packard (HPQ - commentary - Cramer's Take), VM Ware (VMW - commentary - Cramer's Take) and Cisco (CSCO - commentary - Cramer's Take) have crept up and give you a broad sense of the depth of the rally.

Again, with the Nazz having its best four weeks ever, you are either impressed by this or you have its tire tracks all over your back.

I hope it is the former. And I hope it comes in so you can get more stock because when the companies report it is likely they will be hit for a little bit and then off to the races again.

Random musings: Amazing run by Wells Fargo (WFC - commentary - Cramer's Take) where all week people here talked about put buying. They look pretty wrong.

At the time of publication, Cramer was long Wells Fargo, Qualcomm, Cisco and Hewlett-Packard.

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